GST on Olive oil and its fractions business
What is the present GST rate tariff on Olive oil and its fractions? Present Indian GST charges on Olive oil and its fractions? Goods and Service Tax rate for Olive oil and its fractions?
The below information details about GST on Olive oil and its fractions
We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. Under GST- 5 percent for essential goods, standard rate of 12 and 18 percent, high rate of 28 percent and peak rate of 28 percent plus cess for luxury items. The most essential goods and services attract nil rate of GST under Exempted Categories.
The rate of GST on Olive oil and its fractions, whether or not refined, but not chemically modified. Fixed by GST council at the introduction of GST in July, 2017 is 5%
Olive oil and its fractions, whether or not refined, but not chemically modified. Falls under GST HSN code number 1509
These details about GST rate tariff on Olive oil and its fractions is only for information.
The validity of above information and amendments about GST rate on Olive oil and its fractions may be verified before any business dealing.
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